HUBBELL INCORPORATED
2023 Annual Report
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At a Glance
Founded in 1888, Hubbell Incorporated is a best-in-class provider of high quality, reliable electrical and
utility solutions for a broad range of customer and end market applications.
TOTAL SALES
2023
$5.4B
UTILITY
SOLUTIONS SEGMENT
NET SALES
$3.3B
Hubbell Utility Solutions (“HUS”) consists
of businesses that enable the grid to
conduct, communicate and control energy
across utility applications. HUS provides
the critical components that allow the grid
to reliably transmit and distribute energy,
as well as the communications and
controls technologies to make the
grid smarter and more flexible.
ELECTRICAL SOLUTIONS SEGMENT
NET SALES
$2.1B
Hubbell Electrical Solutions (“HES”)
consists of businesses that are essential
to managing power across a wide range
of industries and applications. HES
provides the critical components that
allow operators of buildings, factories,
and other industrial infrastructure to
connect, protect, wire, and manage
power reliably and efficiently.
OPERATIONS HIGHLIGHTS (As of December 31, 2023)
SHELTON, CT
HEADQUARTERS
18,300
EMPLOYEES
52
MANUFACTURING
LOCATIONS
9
WAREHOUSE LOCATIONS
12
COUNTRIES
OF OPERATION
PERFORMANCE HIGHLIGHTS(1)
Net Sales
($ Billions)
Adjusted Diluted EPS(2)
Free Cash Flow(2)
($ Millions)
(1) These performance highlights represent the results of continuing operations. See Note 2 in the Notes to the Consolidated Financial Statements in
our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 8, 2024 for further details.
(2) Adjusted diluted earnings per share and free cash flow are non-GAAP financial measures. A reconciliation to the comparable GAAP financial measures can be found in Management's Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 8, 2024. |
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